Omega Healthcare Investors (NYSE:OHI) Lowered to Neutral at Mizuho

Omega Healthcare Investors (NYSE:OHI) was downgraded by equities researchers at Mizuho from an “outperform” rating to a “neutral” rating in a report issued on Thursday, Marketbeat Ratings reports. They presently have a $35.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $34.00. Mizuho’s price objective suggests a potential downside of 3.69% from the stock’s current price.

Several other equities research analysts have also weighed in on the company. Scotiabank boosted their target price on Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 9th. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Truist Financial boosted their target price on Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, June 26th. Finally, Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $33.73.

Omega Healthcare Investors Stock Up 1.7 %

Shares of Omega Healthcare Investors stock opened at $36.34 on Thursday. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 1.42 and a beta of 0.97. The company has a debt-to-equity ratio of 1.36, a current ratio of 6.68 and a quick ratio of 6.68. Omega Healthcare Investors has a 52-week low of $27.53 and a 52-week high of $37.13. The stock has a 50-day simple moving average of $33.36 and a 200-day simple moving average of $31.55.

Institutional Trading of Omega Healthcare Investors

A number of institutional investors and hedge funds have recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC increased its position in shares of Omega Healthcare Investors by 22.1% during the second quarter. Atlantic Edge Private Wealth Management LLC now owns 3,205 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 580 shares during the period. Bank of New York Mellon Corp increased its position in shares of Omega Healthcare Investors by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 3,240,025 shares of the real estate investment trust’s stock valued at $110,971,000 after purchasing an additional 143,521 shares during the period. Spirit of America Management Corp NY increased its position in shares of Omega Healthcare Investors by 20.8% during the second quarter. Spirit of America Management Corp NY now owns 14,500 shares of the real estate investment trust’s stock valued at $497,000 after purchasing an additional 2,500 shares during the period. Slagle Financial LLC increased its position in shares of Omega Healthcare Investors by 6.7% during the second quarter. Slagle Financial LLC now owns 39,619 shares of the real estate investment trust’s stock valued at $1,357,000 after purchasing an additional 2,492 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Omega Healthcare Investors by 4.7% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,574 shares of the real estate investment trust’s stock valued at $259,000 after acquiring an additional 342 shares during the period. 65.25% of the stock is currently owned by institutional investors.

Omega Healthcare Investors Company Profile

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.